ExxonMobil, the oil giant known in Guyana for its massive offshore oil operations, is pushing deeper into the global energy transition while still growing its fossil fuel business. The company, which leads Guyana’s oil production through a consortium tied to the Stabroek Block, has been criticised for aggressively pursuing crude output even as the world […]
OIL & GAS
Guyana’s Oil Boom Spurs New Offshore Support Contract with Dutch Firm
Guyana’s oil industry continues to expand rapidly, with Netherlands-based marine services provider Smit Lamnalco securing a major multi-year contract from US supermajor ExxonMobil to provide offshore terminal support in the Stabroek block. Under the agreement, Smit Lamnalco will supply four newbuild Offshore Terminal Support Vessels (OTSVs) to support ExxonMobil’s operations. The vessels will carry out […]
ExxonMobil Signs Landmark $21.7B Deepwater Deal with Trinidad and Tobago
ExxonMobil has sealed a historic production-sharing contract with the Government of Trinidad and Tobago, marking its return to the country’s offshore sector after more than two decades. The agreement was signed at the Diplomatic Centre in St. Ann’s by Prime Minister Kamla Persad-Bissessar and ExxonMobil’s Vice President of Global Exploration, John Ardill, in a ceremony […]
Global Subsea Tree Orders Slump, but Guyana Remains a Key Growth Engine
Global Subsea Tree Orders Slump, but Guyana Remains a Key Growth Engine Global orders for subsea tree units — critical components of offshore oil production — have hit their lowest level since 2020, with only 97 units awarded in the first seven months of 2025. A subsea tree, sometimes referred to as a “Christmas tree,” […]
Gov’t confirms 20% relinquishment of Stabroek Block by ExxonMobil
The Government of Guyana, through the Ministry of Natural Resources (MNR), has confirmed that the 20 per cent relinquishment of the Stabroek Block by the operator, ExxonMobil Guyana Limited (EMGL), has been completed. Following a thorough review process conducted jointly with the Guyana Geology and Mines Commission (GGMC), the government has approved the relinquishment of […]
MARAD, Emergency teams respond to oil spill from bulk carrier at Demerara Sugar Terminal
See below full statement from the Maritime Administration Department: The Maritime Administration Department (MARAD) is responding to an oil spill incident involving the Motor Vessel AROYAT, IMO # 9151395, which is moored alongside the Demerara Sugar terminal (DST), Ruimveldt. The Palau flagged vessel is a bulk carrier and entered the Port Georgetown earlier today, May 15, […]